GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Russia’s Ministry of Finance: "The market will recover next year by 5% -10%"

29 december 2020
Image credit: AGD DIAMONDS

Alexey Moiseev, Russia’s Deputy Finance Minister told PRIME Business News in an interview yesterday that the global diamond market is improving and said that diamond prices will recover by 5% -10% next year. 
Noting a soaring growth in demand at the end of the year for diamond jewelry in the global market, he said: “It's a fact that it is coming to life. We see that the market has started to feel much better. The sharp jump in demand at the end of the year, of course, does not offset the disastrous second and third quarters, but it gives the industry a chance to take a break and avoid large new bankruptcies."
The deputy minister went on to clarify that he was referring to diamond dealers caught between diamond manufacturers, who were experiencing lower margins due to low rough prices, and jewelers, who also shed margins, resulting in a string of bankruptcies among diamond dealers in 2019. “But now the market has cleared up, we see consolidation. On the whole, we see that the diamond market has survived,” Alexey Moiseev said.
At the same time, he believes that the market situation should be further monitored to find out whether this growth reflects the deferred demand that manifested itself in the runup to the holiday season, or it is a kind of steady demand, a return to the trend.
“A lot will depend on the Christmas season in Europe and the United States, and then the Chinese New Year and so on. The first quarter of next year will be remarkably interesting. If it will be stable, free of bad news, then pricewise, we expect that the market will recover next year by 5% -10%,” said the deputy minister of finance.

Vladimir Malakhov, Rough&Polished